Alamo Drafthouse, the independent theater chain known for its thematic screenings, fan-focused atmosphere and in-cinema food and drink options, is filing for Chapter 11 bankruptcy protection, according to a filing in Delaware Bankuptcy Court.
As part of the deal, Alamo is entering into a restructuring agreement, in which it will sell assets to affiliates of Altamont Capital and Fortress Investment Group.
Tim League, one of the founders of Alamo Drafthouse and its executive chairman, will also be among the buyers. The deal will give Alamo access incremental financing that the company says it hopes will allow it to make it past the pandemic.
Read more on hollywoodreporter.com
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.